Covid cluster grows; tech stocks slide; Powell keeps printing

Ashley Bloomfield told RNZ this morning he was not advising the Government to escalate back up the alert levels again because trackers were confident they knew where the positive case had been.

Bernard Hickey

Wed, 24 Feb 2021

TLDR: There are fresh fears the Papatoetoe covid-19 cluster is growing again with new cases revealed last night and warnings to workers at Kmart Botany that the ‘casual plus’ contact may have passed it to them, but Ashley Bloomfield has just said a move back up the alert levels was not being considered at the moment. US tech stocks are down sharply this morning as investors focus on rising inflation expectations and bond yields. But the Federal Reserve reassured again this morning it would keep printing to hold interest rates l...

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